Brokerages Set Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) PT at $57.25

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have earned a consensus rating of “Reduce” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $57.25.

A number of equities analysts recently issued reports on CBRL shares. Truist Financial upped their price objective on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Loop Capital upped their price target on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Monday, November 18th. Piper Sandler boosted their price objective on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Finally, StockNews.com cut Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, December 6th.

Cracker Barrel Old Country Store Trading Up 0.4 %

Shares of CBRL stock opened at $53.41 on Friday. Cracker Barrel Old Country Store has a fifty-two week low of $34.88 and a fifty-two week high of $83.51. The stock’s fifty day moving average price is $48.98 and its two-hundred day moving average price is $44.78. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The company has a market cap of $1.19 billion, a PE ratio of 29.51, a P/E/G ratio of 2.15 and a beta of 1.45.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.19). The business had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.61%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $1.79 earnings per share. Equities analysts predict that Cracker Barrel Old Country Store will post 2.82 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.87%. Cracker Barrel Old Country Store’s payout ratio is 55.25%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new stake in shares of Cracker Barrel Old Country Store during the third quarter worth $2,526,000. Charles Schwab Investment Management Inc. boosted its position in Cracker Barrel Old Country Store by 11.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock valued at $48,752,000 after acquiring an additional 111,892 shares during the last quarter. PDT Partners LLC grew its holdings in Cracker Barrel Old Country Store by 199.3% during the 3rd quarter. PDT Partners LLC now owns 29,925 shares of the restaurant operator’s stock worth $1,357,000 after acquiring an additional 19,925 shares during the period. BNP Paribas Financial Markets raised its position in shares of Cracker Barrel Old Country Store by 74.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 30,636 shares of the restaurant operator’s stock worth $1,389,000 after acquiring an additional 13,040 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at about $1,016,000. Institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.